ANSA news

Romania's ruling party says no euro decision has been made

Tue, 29/08/2017 - 15:26

(ANSA) - TRIESTE - Liviu Dragnea, chairman of the ruling
Social Democratic Party, said that the government had not had a
"serious analysis" about replacing the leu currency with the
euro, currently used by 19 European Union countries. Dragnea
said a study needed to be conducted involving the central bank,
the government and parliament, before any decision is made.
Dragnea has downplayed speculation that the country is
planning to adopt the euro as its currency by 2022, after last
week Foreign Minister Teodor Melescanu said that Romania could
start using Europe's single currency by 2022.
Romania has one of the fastest-growing economies in the
European Union. It's expected to expand by 5% this year, more
than double the anticipated rate for the eurozone. Despite that
growth, Romania remains one of the poorest members of the
28-country EU.

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